Welcome once again to the summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills, Bonds, FX rates, inflation, oil price. This report is dated May 10th, 2019. ***CBN…
‘Nigerians survive by faith, not on government planning’
Anglican bishop of Lagos West diocese, Rt. Rev Olusola Odedeji has expressed worry over the incompetent and clueless disposition of some leaders in the country. He was however optimistic of the ability of Nigerians to survive by faith in God…
SIR SHINA PETERS: I’m the first Yoruba rapper in Nigeria
The veteran musician, while thrilling the crowd at the recent edition of gidifest held at the Landmark beach-front, Victoria Island, Lagos, switched to classic tunes. ‘Omoge loke loke, loke loke,’ he started chorusing at a stage in his performance. Not…
Nigerian brothers sue Jussie Smollett’s lawyers for defamation
The two Nigerian brothers who allegedly participated in a staged hate attack on Jussie Smollett have filed a defamation suit against Smollett’s lawyers. Olabinjo and Abimbola Osundairo accused the attorneys of smearing their reputations in a bid to salvage Smollett’s…
World Bank becomes Nigeria’s single largest creditor as loan increases
The loan portfolio of The World Bank under the President Muhammadu Buhari-led administration has increased by 29.98 percent, a Debt Management Office (DMO) statistics showed. According to the DMO statistic, World Bank’s credit facility to Nigeria peaked at $8.67 billion in 2018, increasing from $6.67 billion in 2016. This makes the World Bank Nigeria’s single…
Senate presidency: ODI charges South-west senators to vote Ndume
As permutation continues on who would be the best choice for the 9th Assembly Senate Presidency, a group, Oduduwa Development Initiative (ODI) has called on all Senators from the South-west across parties to support Senator Mohammed Ali Ndume, saying his…
Nigeria Struggles With Security Sector Reform
There is an urgent need to address widespread failings in Nigeria’s security services, but so far President Buhari has not tackled these challenges. Nigerian soldiers on patrol in February. Photo: Getty Images. Nigeria’s stubborn security challenges will be a thorn…
Africa Cup of Nations 2019 draw: Best & worst case scenario for Nigeria
Ahead of Friday’s Afcon draw, Ed Dove assesses the best and worst cast scenarios for the Super Eagles Getty Who will the Super Eagles draw? Nigeria will learn their Africa Cup of Nations group-stage fate on Friday, as the six groups are drawn…
Nigeria: ‘Why More Nigerians May Die of Diet-Related Diseases’
Nigeria ranks 42nd out of 195 countries with the highest rate of diet-related deaths, with low intake of whole grains being the leading dietary risk factor for mortality and disease in Nigeria, United States (US), India, Brazil, Pakistan, Russia, Egypt,…
Imminent Cholera Outbreak Looms in Northeast Nigeria, NRC Warns
Norwegian Refugee Council, NRC, has raised the alarm over the overcrowded displacement camps coupled with a lack of basic sanitation facilities and hygiene in the North East of the country, warning that the condition will cause another cholera outbreak if…